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Strategies & Market Trends : Waiting for the big Kahuna
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To: GROUND ZERO™ who wrote (31923)10/18/1998 4:34:00 PM
From: bobby beara  Read Replies (3) of 94695
 
GZ, just as I've been saying since early August, bull market indicators in bear markets won't work - if we are in a bear market. I think the evidence has now become very obvious with Greeny lowering rates and Merril Lynch laying off people - the party is over and this fat beara is singing. Bear market rallies, no new highs - read my lips -g-

I think this is why you have the tremendous volitility. People are holding on the this bull with 16 years of ingrained dipsterism. the 20's bull and the 87 bull were much shorter time spans. I think confusion will reign -g-

Okay, so how do you explain the advance decline divergence we just saw? That same pattern at all, or most, bottoms? Huh?

Bull backside of the peak trap.

The chart is mimicking last year's corrective period. We had a bear coil into December 8th, then a drop into December 19th. On the NDX it was a retest of the October lows. Then a rally into Jan 1. Then the quick drop into Jan 12.

I had been convinced that because of the 9 month cycle, that the drop into 10/8 was both declines combined together 12/19 and 1/12. However now I am beggining to think we are at January 1st now and expect another drop into late October.

Note: Last December NDX made a higher low. This time it made a lower low,.

bb
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